{"id":254287,"date":"2015-03-04T12:08:42","date_gmt":"2015-03-04T12:08:42","guid":{"rendered":"https:\/\/lightsourcebp.com\/news\/lightsource-bp-uks-ceo-responds-to-cfd-auction-announcement\/"},"modified":"2023-07-31T10:19:43","modified_gmt":"2023-07-31T10:19:43","slug":"lightsource-bp-uks-ceo-responds-to-cfd-auction-announcement","status":"publish","type":"post","link":"https:\/\/lightsourcebp.com\/uk\/news\/lightsource-bp-uks-ceo-responds-to-cfd-auction-announcement\/","title":{"rendered":"Lightsource bp UK’s CEO Responds to CfD Auction Announcement"},"content":{"rendered":"
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Lightsource bp UK's CEO Responds to CfD Auction Announcement<\/h1>\n <\/div>\n <\/div>\n <\/div>\n\n
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Lightsource bp CEO Nick Boyle has responded to the announcement of CfD Auction<\/span><\/h2>\n

Lightsource Renewable Energy has been awarded a Contract for Difference (CfD) for its 14.67MW Charity Farm\u00a0solar\u00a0project in the first round of the\u00a0government’s new competitive auction system\u00a0for clean energy support contracts.<\/p>\n

The Charity\u00a0Solar Farm\u00a0was one of just five solar\u00a0projects\u00a0that was successful in the CfD auction.<\/p>\n

Lightsource CEO, Nick Boyle, responded to the announcement.\u00a0Nick\u00a0said : “At Lightsource, we are very concerned that the government is somewhat naive\u00a0in preparing the UK for a financially sustainable future.\u00a0Their CFD announcement demonstrates this perfectly as we see the solar industry\u2019s minimal award of 72MW compared with the wind industry who has taken 749MW, over 10 times more support than what solar received.<\/p>\n

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“Beyond the lion\u2019s share taken by wind, nearly half of the awarded solar applications cannot be built due to development costs being too high. Not only does the solar industry receive minor support, but the remaining provision in the CFD budget is largely diminished, leaving solar no chance to compete with other technologies. It is astounding that out of 2GW of CFD contracts only 40MW of solar will be built.<\/p>\n

“As solar is estimated to be the largest global source of power by 2050 and the cheapest source by 2025, it’s\u00a0clear the solar industry isn\u2019t getting a fair chance to succeed in the UK, while it is globally.\u00a0Today\u2019s CFD outcomes puts the UK behind in terms of securing energy supply while at the same time hurting home-grown UK business.\u00a0 Soon the Government will discover their judgement of the CFD allocations to be very short-sighted.<\/p>\n

“The Government plays an important role in supporting industries in meeting renewable energy targets they have set out.\u00a0As a company, and as a solar industry participant, we will continue to strive to meet UK and EU\u00a0renewable energy targets, to create good business in the UK, and\u00a0provide more jobs and citizen involvement in our schemes. In doing that, it is necessary that DECC and the government at large realise the impossibility of today\u2019s outcomes in supporting a sustainable and renewable future in the UK, and hope they will provide security to our process\u00a0on our journey to price competitiveness.\u00e2\u20ac\u2039”<\/p>\n\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n\n

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News <\/h3>\n <\/div>\n <\/div>\n
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23 Jul, 2026<\/p>\n \n

USA: Lightsource bp and Meta expand partnership with new power purchase agreement for\u00a0Mowata\u00a0Solar in Louisiana<\/h5>\n <\/a>\n

Lightsource bp and Meta have finalised a long-term power purchase agreement (PPA) to support \u200bMowata Solar, a 172MWdc (150MWac) solar project in development in Acadia Parish.<\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n

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03 Jul, 2026<\/p>\n \n

15 years of solar \u2013 from first-of-a kind to critical infrastructure<\/h5>\n <\/a>\n

Last week marked 15 years since the UK\u2019s first utility-scale solar farm began generating electricity.<\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n

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26 Jun, 2026<\/p>\n \n

Lightsource bp publishes\u00a02025\u00a0Sustainability Report\u00a0<\/h5>\n <\/a>\n

Lightsource bp's annual Sustainability Report outlines the work we do to support a future powered by renewable, affordable and reliable energy. <\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n <\/div>\n <\/div>\n\n

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